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After Facebook Deal, Jio Platforms To Sell Another 10%
RIL’s plans to induct more investors in its technology business and pare debt overall.
03 May 2020, 12:54 PM IST
Mukesh Ambani-led Reliance Industries Ltd. plans to raise another $6 billion from sale of shares in its newly created subsidiary Jio Platforms soon after selling a stake to social media giant Facebook.In October, as part of an internal restructuring of the company’s business structure and so as to bring more investors on board, Reliance aggregated all its technology development platforms, apps and services under Jio Platforms Service...
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